Executive from Missouri Embezzled $1.5 Million for Travels and Casino Spending
A Missouri resident, identified as J. R. M., has pleaded guilty to embezzling funds worth $1.5 million over a period of several years. The US Attorney's Office for the Western District of Missouri shared the news.
J. R. M., who is 55 years old, made these admissions to US District Judge Greg Kays. The embezzled funds were used for travel and gambling expenses, according to the court documents.
In a separate case, Marquardt, who had access to corporate finance for a period of 30 years, from 1994 to 2023, has been accused of embezzling funds through unauthorized checks to his personal accounts. Marquardt omitted these personal expenses and transactions from the QuickBooks ledger and logged false business records to hide his transgressions.
The embezzlement case involving Marquardt is still ongoing, with a sentencing hearing yet to be scheduled. If convicted, Marquardt now faces up to 20 years in federal prison for the wire fraud count alone.
The exact law enforcement agency prosecuting the cases of J. R. M. and Marquardt is not specified in the search results. However, typically in such cases, either the Vernon County Sheriff's Office or the Missouri State Highway Patrol, together with the Vernon County Prosecutor's Office, would handle prosecution of local crimes in Vernon County, Missouri.
It is important to note that J. R. M. also admitted to filing a false tax return, and an additional 3 years could be added to Marquardt's sentence for the false tax return count.
The embezzlement cases are located in Vernon County, Missouri. The US Attorney's Office for the Western District of Missouri did not disclose further details about the ongoing investigations.
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